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3 May 2009

Indian Stock Market Tip: Tata Steel
1. Short term trend for Tata Steel is down and thus stock can fall to the level of Rs 233-Rs 211. If stock is able to rebound from Rs 233 level than it can target the level of Rs 257 or Rs 272. If stock continues its downward journey in short term and breaks the level of Rs 233 than it can fall to level of Rs 224-Rs 211.

2. As a strategy one can short the stock provided it breaches the level of Rs 199 on downside as presently charts indicate an uptrend in medium term for the stock.

Free Indian Share Tips: Infosys
3. Infosys has closed above its key resistance at Rs 1,450 which is a positive sign and thus stock can target level of Rs 1,580-1587-1665 in this upmove.

4. As a strategy for going long one can hold this stock provided its support at Rs 1380 is maintained. If this support is broken than stock can fall to the level of 1,310.